Click this link get a free copy of the show notes that accompany this video: https://bit.ly/3hEFAJF Learn more about Ken McElroy and sign-up to his video library at: https://kenmcelroy.com/membership-account/membership-levels/ Join Ken McElroy as he explains the nine areas of expenses to watch with prospective properties to maximize your cash flow. Learn how these expenses affect your property's net operating income and increase your revenue. • • • Check out some of our recommended products! Please note: These are our sponsors & advertisers, so if you use them, we will get compensated. There's no additional cost to you. For your banking needs: ➤ Business Banking for Small Businesses and Freelancers 🏦 NorthOne - Open a business banking account in 3 mins and get $10: https://apply.northone.com/ken For locating investment properties: ➤ What is Driving for Dollars? Driving for dollars is a more direct approach to finding wholesale properties than simply sending out emails to inboxes or letters in the mail. It’s the term used when you drive around a neighborhood that you think could house future wholesale deals, then document distressed properties to create unique lead lists. Oftentimes, it can be more profitable than other techniques. Ken’s fans instantly get $15 in credits with promo code KenDM! https://dealmachine.app.link/kendm • • • ⏰ Timestamps ⏰: 0:00 Introduction 0:34 Income and Vacancy 3:28 Expenses and Net Operating Income 5:04 Employee Payroll 5:47 Administrative and HOA Fees 9:18 Property Maintenance 10:53 Marketing Your Property 12:02 Property Management 13:17 Property Taxes 15:09 Insurance and Coverage 17:13 Legal Fees and Expenses 18:12 Long-Term and Capital Expenses Be sure to click the bell to be notified as soon as the next informational video is posted! Pre-order Ken's upcoming book here: https://amzn.to/31BWvXB Visit Ken's Amazon Shop: https://www.amazon.com/shop/kenmcelroy • Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant. Ken is a Rich Dad Advisor. Ken's company: https://mccompaniesinvest.com/ #kenmcelroy #realestate #cashflow